Gold Dinars and Silver Dirhams are called the Sunnah currencies because they have passed through

the blessed hands of the Holy Prophet (sm) and are the only two currencies mentioned by name in the Quran. The shariah nisaab of zakat is also specified in Dinars and Dirhams. A Dinar's weight is the mithqal, which was standardized by Caliph Umar Al-Farooq and persisting through history, is today approximated at being 4.25 grams of 22K gold for the dinar and 2.975 grams of fine silver for the dirham. After evaluating the flaws of contemporary fiat money system, many leaders of the Ummah and scholars of the madhahib are calling for a return to commodity-backed money, symbolized by the Dinar & Dirham. While opinions vary on the subject, we invite you to ponder upon the following important points and reach your own conclusion about their merits. Shariah Perspective #1: All Paper Money is Usurious All muslim scholars have ijmah on the equivalence of discounted-sale-of-debt to Riba, which is forbidden on the same principles. It is a well-known fact that all paper money actually represents government debt, which is payable by the Treasury to the Central Bank. Thus, the very genesis of paper money is prohibited in Islam, not because it is "made of paper" but because of its "fiat" characteristic. Additionally, an ingredient of paper money creation through fractional reserve banking is prohibited under Islamic injunctions of Gharar and Bai-al-Madum. Fiat money thus must be replaced in the Muslim community with the revival of the Gold Dinar and Silver Dirham. Shariah Perspective #2: No Islamic Banking without Islamic Currency Islamic scholars have done excellent and meritorious work in modernizing Islamic contractual models like Qirad and Modaraba. But as long as these contracts rest upon the same usurious banking edifice employing fiat money, any system, even if employing valid contractual models, can never be wholly Islamic. Their use maybe called a lesser evil, but can never be a final end goal for establishing an Islamic ecosystem of commerce (Muamilaat). The latter can only be fully realized by re-introducing the Gold Dinar and Silver Dirham (or other shariah-approved commodity money) Shariah Perspective #3: Necessary for Zakat, the third pillar of Islam If a person owes me some money which is to be paid next month, in Shariah, my obligation to pay zakat cannot be fulfilled by my saying to the zakat collector: Please collect my accounts receivable from that person on my behalf next month! The applicable shariah ruling is that zakat can only be paid in Ayn, and not Dayn. While fiat money is practically treated as money, it is technically a debt-instrument and scholars' permission to pay Zakat in it is based on the principle of Rukhsa only. This does not mean that we should sit content on letting the situation persist. While individuals are permitted to pay zakat in paper money, as a community, we must reintroduce payment of Zakat in commodity-backed money i.e. Gold Dinars and Silver Dirhams. The Ashab-al-Yameen will wait for such a system to be reinstituted. The Sabiqoon may start doing it immediately. Economic and National Perspective The wisdom of Shariah prohibition becomes manifest as secular economic wisdom points to the same conclusions. From the founding fathers like Thomas Jefferson to contemporary statesmen like Congressman Ron Paul, thought leaders have always been advocating a return to sound money for a just and stable economy. Experts of the Austrian school of Economics, including Nobel Laureates among their ranks, have systematically debunked all fallacious arguments made against using gold and silver, and local American initiatives like OpenCurrency.com are now actively working to make this a reality. It is time for the Muslims to educate themselves on the economic benefits involved, and protect themselves from continued economic exploitation by reviving the Gold Dinar. Personal Finance Perspective Ever since gold was allowed to float in the open market in 1970, its percentage price rise has been 3728%, as opposed to the 1300% increase in the S&P Index during the same period (As of Jan ‘11). Gold has historically been the de facto currency of choice and store of value for civilizations all around the world, and is being proposed today by eminent investors and fund managers as a must have in one's portfolio. By adopting Shariah currency of gold one is not only doing a favor to himself in Akhirah, but also a favor to one’s children in this Dunya. Unlike investment, which only attracts a portion of our savings, adoption of gold currency exposes our overall assets to this price appreciation, including those set aside for consumption. Just like having your cake and eating it too, this way, we will be able to spend our Dinars, and have their collective value increase at the same time. You can buy, trade and invest in GOLD DINARS & SILVER DIRHAMS from our website www.dinarwakala.com
Proposed design of the upcoming American Silver Dirhams Set of Gold Dinars and Silver Dirhams issued by government of the Malaysian State of Kelantan A modern gold dinar coin minted in Indonesia The first Gold Dinars of Islam, minted in 80 A.H. by Ummayya Caliph Abdul Malik Bin Marwan

Prime Minister Mahathir Mohamad of Malaysia became the first modern Muslim ruler to advocate returning to the Gold Dinar and point out the ills of modern banking-based economy

Dinar Wakala LLC 1313 Clary Sage Loop, Round Rock, TX, 78665

DISCLAIMER: Gold Dinars and Silver Dirhams are not legal tender. They are referred to as currencies only for their historical usage as money. While it is completely legal under state and federal laws to use these coins for barter transactions, customers must be mindful of their obligations to the government regarding their tax obligations that may result from barter trading in the Dinars and Dirhams. Some tools and guidance for remaining tax compliant are available from our website www.dinarwakala.com